November, 2020, Crop Market Report
Michael Diliberto, Ph.D.
LSU AgCenter
The market responded favorably to the November WASDE report for feed grains and oilseeds. U.S. export sales stemming from increased Chinese demand for U.S. agricultural products (e.g., corn and soybeans) was a key factor behind the market gains observed in recent weeks. The rice and cotton market firmed on updated harvest estimates, with the season average farm price posting a slight gain month-over-month for each commodity.
Estimates for 2020 crop year PLC farm program payments are also contained in the report.